by Meghan Morris, Madrid

The rate of female-led business startups is growing a 15 percent and this Spanish trend does not appear to be slowing.

The vast majority of these female business owners said they chose to start a business because of the appeal of self-employment, according to new research by Erpasa Consulting. Most of these women are between 30 and 40 years old, and their businesses are centered in Madrid, Seville, Barcelona and Valencia.

“Venimos una tendencia claramente al alza entre las mujeres emprendedoras. Hasta ahora desde siempre el perfil del emprendedor se inclinaba hacia los hombres, sin embargo esta realidad ha ido cambiando desde hace dos años,” said Priscilla Ramirez , Director of Consulting Erpasa, in the press release.

On average, each business typically uses as investment of between 20,000 and 50,000 euros, and results in an average of three direct job creations and 10 indirect roles.

The three most popular female-owned businesses are:

  • beauty salons
  • services
  • specialty shops